Federal Reserve Chair Jay Powell doubled down Wednesday on his belief that inflation was on a "bumpy" path down to 2% and ...
The U.S. consumer price index (CPI) for April indicated a modest slowdown in inflation, which was roughly in line with market ...
This article discusses April's Consumer Price Index report due today, the meme stock rally, Comcast's new streaming bundle, ...
Federal Reserve Chair Jerome Powell said Wednesday that it is too soon to say if the higher-than-expected inflation seen in the first two months of the year is more than just a bump. While most ...
The late gains closed out a mostly wobbly day of trading as investors reviewed a mixed report on inflation and await an even ...
WE'VE SEEN PRETTY CONSISTENT PROGRESS ON SLOWING WAGE GROWTH, BUT BUMPY. FED'S POWELL: IF WAGE INCREASES RUN HIGHER THAN ...
Don't miss out on the headlines from Business. Followed categories will be added to My News. He says it’s too soon to know if the recent higher than expected inflation outcomes are more than ...
Core prices, which strip out volatile food and energy items and are watched more closely by the Fed, increased 0.3% after three straight 0.4% bumps. That pushed down annual inflation from 3.8% to 3.6% ...
US inflation is down considerably from the 40-year highs reached in the summer of 2022. But it remains above the official 2% target set by the Federal Reserve. At their latest policy meeting ...
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won't be ready to ...
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to ...